Dave Westall
Lake Tahoe Real Estate

(530) 448-9882

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Tumblr
  • Twitter
  • YouTube
  • Home
  • Search
    • Search All Properties
    • Search by Map
      • Neighborhood Map
    • My Featured Listings
    • New Listing Notifications
    • Register / Login
  • Sellers
    • Tahoe Market Reports
      • Tahoe Neighborhood Market Reports
    • My Recent Sales
    • Dave’s Real Estate Marketing Plan
      • Selling Lake Tahoe Real Estate
      • Listing Videos
    • Get Your Home Ready To Sell
    • What’s My Home Worth
    • Client Testimonials
  • Buyers
    • Search the MLS
    • New Listing Notifications
    • My Featured Listings
    • Client Testimonials
    • Tahoe Market Reports
      • Tahoe Neighborhood Market Reports
    • Mortgage Calculator
  • Neighborhoods
    • All Tahoe Neighborhoods
    • Truckee Golf Real Estate
      • Martis Camp Real Estate
      • Lahontan Real Estate
      • Schaffer’s Mill Real Estate
      • Gray’s Crossing Real Estate
      • Old Greenwood Real Estate
    • Lake Tahoe Luxury Real Estate
      • Lake Tahoe Lakefront Homes for Sale
      • Lake Tahoe Real Estate and Homes for Sale
      • Truckee Golf Real Estate
      • Tahoe Ski Resort Real Estate
    • Lake Tahoe Real Estate
      • North Shore Lake Tahoe Homes
        • Tahoe City Real Estate
        • Dollar Point Real Estate
        • Carnelian Bay Real Estate
        • Agate Bay Real Estate
        • Tahoe Vista Real Estate
        • Kings Beach Real Estate
      • West Shore Lake Tahoe Homes
        • Sunnyside – Tahoe Park Real Estate
        • Homewood Real Estate
        • Tahoma Real Estate
        • Meeks Bay & Rubicon Bay Real Estate
    • Tahoe Ski Resort Real Estate
      • Squaw Valley Real Estate
      • Alpine Meadows Real Estate
      • Northstar Real Estate
      • Homewood Real Estate
    • Tahoe Donner Real Estate
    • Truckee Real Estate
  • Tahoe Info
    • Tahoe Market Reports
      • Tahoe Neighborhood Market Reports
    • Winterizing Your Tahoe Home
    • Tahoe Resources and Info
      • Lake Tahoe Area Guide
      • Tahoe Relocation Guide
    • Tahoe Truckee School Guide
  • Blog
    • Tahoe Real Estate Blog
    • Tahoe Market Reports
    • Featured Listings
      • Ski Resort Real Estate
      • Tahoe Lakefront Real Estate News
      • Tahoe Golf Real Estate
      • Truckee Real Estate
        • Prosser Real Estate
        • Tahoe Donner Real Estate
        • Gray’s Crossing Real Estate
      • West Shore Real Estate
    • For Your Home
      • Tips and Advice
    • Lake Tahoe Community
      • Lake Tahoe Events
      • North Lake Tahoe Real Estate News
    • My Recent Sales
  • About
    • About Lake Tahoe Realtor Dave Westall
      • Westall Real Estate Team
    • My Recent Sales
    • Testimonials
  • Contact
    • Newsletter Signup
    • Contact
Home » Truckee Real Estate » Truckee Real Estate Market Analysis as of 01/08/2010

Truckee Real Estate Market Analysis as of 01/08/2010

January 11, 2010 by admin Leave a Comment

>There are some good signs for the Truckee real estate markets going into 2010 and there is a possibility that we are closer to recovery than previously thought.  There are still concerns and questions but most indicators are pointing to a brighter 2010.  The theme over the last 12 months has been savy buyers taking advantage of 6 year low pricing and historically low interest rates.  This has resulted in a 20% increase in sales year over year!

I have analyzed the Truckee markets on a year over year basis and this is what I found:

Average Price: $639,000 which is Down 14.7% year over year
Median Price: $519,875 which is Down 14.7% year over year
Number of Sales: 492 which is Up 20% year over year
Days on Market: 117 which is Up 1% year over year

It is no surprise that the average and median home prices are down year over year as most people selling in the current market need to sell and have priced their homes according to the current market conditions.  In the last year we saw 127 distressed (bank owned and short sale) property sales which greatly effected the average and median pricing as these homes have sold well below market pricing.  127 distressed property sales represents 26% of the total sales for the year in Truckee!  The good news is that currently there are only 68 bank owned and short sale listings in Truckee which is an indicator that stabilization may be on the horizon as the ratio of listings to sales is at 46% which should help eliminate a good amount of distressed listings from the market and help push the market towards stabilization.

I dove a little deeper into my analysis and looked at October 2009 to January 8, 2010 sales versus October 2008 to January 8, 2009 sales and a better picture started to emerge.

Average Price: $645,235 which is Down 10.5% year over year
Median Price: $519,875 which is Down 3% year over year
Number of Sales: 176 which is Up 43% year over year
Days on Market: 111 which is Up 2% year over year

Looking at this 3 month snapshot I become pleased with the fact that sales are up 43% which shows that the Truckee market has strength and that the consumer recognizes that many opportunities exist in this resort market.  I am also very pleased with the median sales price which is down only 3% from the same time period a year ago and shows a much better picture of the market compared to looking at the entire year.

At the start of 2010 we are seeing lots of activity in the Truckee real estate market, with buyers actively pursuing well priced properties, a higher level of closed sales than the year previous, and there are fewer distressed listings(REO and Short Sales)which should help start the stabilization process.  Currently it feels like we are about to make a turn for the best in the market and with a little economic luck we could possibly see the some modest appreciation in some neighborhoods by the end of the summer.  Only time will tell and I will keep reviewing the market in order to keep you informed about the Truckee real estate market.

Please visit www.WestallRealEstate.com to learn about neighborhoods, search listings, find out about events, and keep up with the weather in Tahoe!

(Visited 35 times, 1 visits today)

Filed Under: Truckee Real Estate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

New Listing Notifications
What's My
Home Worth

Search Listings

$
$

Popular Posts

  • Modular Home Construction on the West Shore of Lake TahoeModular Home Construction on the West…
  • Top 10 Lake Tahoe Luxury HomesTop 10 Lake Tahoe Luxury Homes
  • Lake Tahoe Real Estate Year End 2020 Market ReportLake Tahoe Real Estate Year End 2020 Market Report
  • SOLD! Breathtaking Serene Lakes Lakefront CabinSOLD! Breathtaking Serene Lakes Lakefront Cabin

Categories

  • 2015 Sales
  • 2016 Sales
  • 2017 Sales
  • 2018 Sales
  • 2019 Sales
  • 2020 Sales
  • 2021 Sales
  • Featured Listings
  • For Your Home
  • Lake Tahoe Community
  • Lake Tahoe Events
  • Listing Videos
  • Market Reports
  • My Recent Sales
  • North Lake Tahoe Real Estate News
  • Ski Resort Real Estate
  • Tahoe Golf Real Estate
  • Tips & Advice
  • Truckee Real Estate
  • Uncategorized
  • West Shore Real Estate

Follow me on Blogarama

Corcoran Global Living

319 West Lake Blvd
Tahoe City, CA 96145

530-448-9882
Contact Dave

Privacy Policy

Dave Westall

Dave Westall Lake Tahoe Real Estate and Truckee RealtorTahoe City Realtor Dave Westall is the best at helping clients achieve their real estate goals. Whether buying or selling Tahoe and Truckee real estate, Dave is your trusted partner. Meet Dave Westall

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Tumblr
  • Twitter
  • YouTube
Lake Tahoe ›
Tahoe City ›
Truckee

CA BRE# 01796995   •   sitemap   •   admin   •   ©2021 All Rights Reserved  •  Real Estate Website Design by IDXCentral.comPrivacy Policy